Investment Risks at the Beginning of Retirement
In this video, I walk through the impact of sequence of return risks for retirees.
We can control our strategy and our approach, but we cannot control the returns that the market gives us.
2 retirees, retiring with an identical sum of money, and invested the same way, can have very different outcomes.
The strategies to avoid similar outcomes as Mr. Smith and Ms. Jones are:
1) proper diversification
2) avoiding rules of thumb
3) proactively and regularly revisit your plan and make adjustments